Ashwani Gujral: BUY Bajaj Finance, Kotak Mahindra Bank, Tata Steel, Hindustan Lever and Cholamandalam Investment
Market expert Ashwani Gujral has suggested only BUY Calls for today’s session suggesting bullish sentiment in the Indian markets. Indian markets are expected to open strong today as US markets closed strong and Asian stocks have firmed up today. We have witnessed strength in Indian markets at lower levels and many stocks have been touching 52-week highs in the recent weeks. Markets have recovered quickly from panic selling led by COVID-19 pandemic in March. However, NSE Nifty should decisively close above 10,350 levels for markets to have a sustained rally.
Gujral has suggested BUY Call for personal finance major Bajaj Finance with a stop loss of Rs 2,960, target at Rs 3,050. Other stock on Gujral’s radar for the trading session is private banking counter Kotak Mahindra Bank. Traders can BUY Kotak Mahindra Bank with a stop loss of Rs 1,350, target at Rs 1,410. In finance sector, Gujral has also suggested BUY Call for Cholamandalam Investment with a stop loss of Rs 200, target at Rs 215.
Gujral has also suggested BUY Call for Tata Steel with a stop loss of Rs 318, target at Rs 334. In FMCG sector, Gujral has suggested BUY Call for Hindustan Unilever with a stop loss of Rs 2,130, target at Rs 2,200.
Indian markets are expected to open strong and we could see markets closing strong as well. Traders should keep strict Stop Loss for all trades.